Wellington Management Group LLP Buys 1,411,802 Shares of Janus International Group, Inc. (NYSE:JBI)

Wellington Management Group LLP boosted its position in Janus International Group, Inc. (NYSE:JBI - Free Report) by 47.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,366,402 shares of the company's stock after acquiring an additional 1,411,802 shares during the quarter. Wellington Management Group LLP owned 3.10% of Janus International Group worth $44,144,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JBI. Point72 Hong Kong Ltd acquired a new position in Janus International Group during the 2nd quarter worth approximately $60,000. Amalgamated Bank grew its stake in shares of Janus International Group by 73.2% during the second quarter. Amalgamated Bank now owns 4,909 shares of the company's stock worth $62,000 after buying an additional 2,074 shares during the last quarter. Quarry LP increased its holdings in shares of Janus International Group by 216.4% during the second quarter. Quarry LP now owns 6,527 shares of the company's stock worth $82,000 after buying an additional 4,464 shares in the last quarter. Comerica Bank lifted its stake in shares of Janus International Group by 78.8% in the 1st quarter. Comerica Bank now owns 6,721 shares of the company's stock valued at $102,000 after acquiring an additional 2,962 shares during the last quarter. Finally, SkyView Investment Advisors LLC acquired a new stake in shares of Janus International Group during the 2nd quarter valued at $126,000. 88.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

JBI has been the subject of a number of recent research reports. UBS Group lowered their target price on Janus International Group from $12.00 to $8.50 and set a "neutral" rating for the company in a report on Wednesday, October 30th. Jefferies Financial Group downgraded Janus International Group from a "buy" rating to a "hold" rating and lowered their price objective for the company from $12.00 to $7.50 in a research note on Monday, November 4th. Finally, KeyCorp cut their target price on shares of Janus International Group from $13.00 to $11.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $10.25.

Janus International Group Trading Down 0.8 %

JBI traded down $0.06 during midday trading on Thursday, hitting $7.77. 1,277,071 shares of the company were exchanged, compared to its average volume of 1,990,966. The firm's 50 day moving average price is $8.35 and its 200-day moving average price is $10.76. Janus International Group, Inc. has a 1-year low of $6.68 and a 1-year high of $15.86. The firm has a market capitalization of $1.10 billion, a P/E ratio of 10.88 and a beta of 0.91. The company has a quick ratio of 2.39, a current ratio of 2.80 and a debt-to-equity ratio of 1.11.

Janus International Group (NYSE:JBI - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.09). Janus International Group had a net margin of 10.62% and a return on equity of 21.10%. The company had revenue of $230.10 million during the quarter, compared to the consensus estimate of $248.21 million. During the same quarter in the previous year, the company earned $0.27 earnings per share. The business's revenue was down 17.9% on a year-over-year basis. As a group, equities analysts forecast that Janus International Group, Inc. will post 0.54 EPS for the current fiscal year.

About Janus International Group

Janus International Group, Inc manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.